Unemployment in the South West has fallen, and now our region has the lowest unemployment rate in the country.
Figures out this morning show 113,000 people were out of work between June and August - a drop of over 10 percent on the previous three months. It's in line with the national trend, Unemployment in the UK has fallen to a seven-year low.
The latest jobs figures are out and it's good news for our region. Unemployment is down once again across the South West.
But still many people are struggling to find work, including many graduates. Chris Mitchell is one such graduate, who despite having a degree simply can't get work. Seth Conway reports.
Latest job figures out today show that the south west has recorded the biggest fall in unemployment of any region, and now has the lowest rate.
Employment Minister Esther McVey MP says this is very positive for the South West.
The current figure stands at 4.9 per cent, compared with the national average of 6.8 per cent. The jobless total fell by forty one thousand in the first three months of the year, a drop of one point six per cent.
The number of people in work is now more than 30.4 million people - which is the highest since records began in 1971.
There was a further fall in unemployment today which was fuelled by a record high of 4.5 million people who are self-employed.
The number of people working for themselves jumped by 183,000 from January to March, compared with a rise of 375,000 over the past year.
Figures out today show there's been a small rise in the number of people out of work across the South West - despite a fall nationallyRead the full story ›
The number of people without a job in the south west is down. According to the government's latest figures five thousand fewer are out of work, that's a fall of six per cent.
But the numbers in traditional salaried jobs with guaranteed hours and paid holidays is falling. John Andrews has been to Axminister, which was badly hit when the town's main employer went into administration.
East Devon was badly hit when Axminster Carpets went into administration putting 300 jobs at risk.
The new owners have taken back half the original staff and believe the town is now more optimistic for the future.
The former Mayor of Axminster Cllr Andrew Moulding spoke to ITV News West Country:
Stephen Timms, shadow employment minister, said: "The Government’s welfare reform has comprehensively failed at a time when youth unemployment is edging towards a million, and long-term unemployment is at its highest level in 17 years.
"The Youth Contract is on course to miss its target by 92 per cent, and the flagship Work Programme has not hit a single one of its minimum performance standards."